Ripple (XRP) Bulls on Back Foot: Cardano Sentiment Is Better

Cardano has been one of the best performers in the last 24 hours, rising as much as 4% and climbing above $0.35.

This move appears to be due to increased bullish sentiment for the cryptocurrency, as opposed to XRP, another altcoin with a massive community.

Ripple (XRP) vs. Cardano (ADA): Sentiment Battles

Data from popular cryptocurrency analytics firm Santiment reveals that crowd sentiment for ADA has been more bullish and even outperformed popular altcoins like XRP.

Source: Sentiment

The company’s metric is Weighted Sentiment, a well-known indicator that also takes social volume into account. Social volume tracks the total number of social media and internet posts related to a given cryptocurrency. Additionally, it weights sentiment balance against social volume to ensure that the number of users participating in the discussion is moving in the same direction.

Incoming Cardano Hard Fork, the reason?

As the chart above points out, ADA is currently at its highest positive sentiment since 2024, which is down 47% in 5 months. Part of the reason for this could be the fact that there is an upcoming major fork scheduled for late August.

As reported by CryptoPotato today, the Chang Hard Fork will take place on August 27th.

“However, current indications suggest that August 27th is viable, and this is what the technical teams in the hard fork working group are working on. Pre-production will be hard-forking on August 22nd in preparation,” the disclosure says.

This is an update designed to improve decentralization and move towards community-driven governance. It is part of the Voltaire era in Cardano’s roadmap. The latter focuses on implementing a distributed and sustainable governance framework.

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